Different models of upright freezers

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An appliance dealer sells three different models of upright freezers having 13.5, 15.9, and 19.1 cubic feet of storage space. Let = the amount of storage space purchased by the next customer to buy a freezer. Suppose that has the following probability distribution:

x

13.5

15.9

19.1

p(x)

.2

.5

.3

a. Calculate the mean and standard deviation of x.

b. If the price of the freezer depends on the size of the storage space, x, such that Price = 25- 8.5, what is the mean value of the variable Price paid by the next customer?

c. What is the standard deviation of the price paid?

Reference no: EM131010206

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